The International Monetary Fund (IMF) announced this week a downward revision of its 2026 global economic growth forecast compared to its April projections, citing the ongoing war in Iran.
The fund now expects global growth to reach 3.0 per cent, down from the 3.1 per cent it had anticipated in April 2026.
Conversely, the IMF has upgraded its 2027 global growth forecast to 3.4 per cent from the 3.2 per
